Is Chatham, MI 49816 a buyer’s or seller’s market?
Chatham is a seller’s market. With about 3.2 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.2Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list99.7%Sold price ÷ list price
Median days on market45Listing to accepted offer
Median price per sq ft$291▲ +77.5% vs. last year
Run the numbers for 49816
Nearby markets
Au Train 49806Buyer’s market $335 /sq ftDeerton 49822Seller’s market $173 /sq ftEben Junction 49825 — /sq ftGrand Marais 49839Balanced $443 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology